Space Exploration Technologies Corp. (SPCX) shares rose over 2% following two major commercial developments.
The company is finalizing a deal with Vietjet to equip 120 aircraft with Starlink satellite internet. SpaceX also secured a new multi-billion dollar launch contract.
Options markets show heavy volume and a low put/call ratio. These gains have offset market concerns regarding a recent lockup expiry of a significant number of shares.